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The Chengdu Iron and Steel factory was started in 1958 as China began its first efforts at industrialization under Mao's Communist China. It finally closed in 2015, as China moved to close older less efficient polluting facilities first, under an overall plan to cut overcapacity in steel and other sectors. Workers laid off get 2 years of payment of about 1500 yuan or $235 per month, and are required to take retraining classes. Older workers get buyouts.
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